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Bitcoin is an experimental digital currency that allows instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority. Money transfers and the minting of new coins are carried out collectively by the network. The open source software that enables Bitcoin is released under the MIT license.
Click here for a concise explanation of how it works or here for a detailed technical description.
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US bill proposes 20-year imprisonment for DeepSeek users
08 Feb 2025 06:00 A new bill by Missouri Senator Josh Hawley proposes a fine of up to $1M and up to 20 years in jail for exporting and importing AI products from China.
Thailand gov’t backed stablecoin; Stablecoin value soars to $217B Thailand is exploring a stablecoin backed by government bonds. Meanwhile, reports show stablecoin market capitalization has soared to a new all-time high.
Italy, 2 others ban DeepSeek; OpenAI responds with o3-mini While Italy banned DeepSeek for failing to reveal how it was using Italians’ data, Taiwan and Texas restricted it in the public sector to protect its data.
Arkansas scraps bill restricting mining near military bases The bill was proposed in response to a new mining facility being constructed near the Little Rock Air Force Base, but a Senate committee rejected it 6-1.
Arthur Hayes Warns of Bitcoin Crash if US Creates Strategic BTC Reserve
Robert Kiyosaki: Bitcoin Is Safer Than US Dollar—He’s Buying More BTC
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"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer
it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.
With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless."
Satoshi Nakamoto |
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